Multibagger Penny Stock To Fix Record Date For Dividend, Shares Locked In Upper Circuit

Shares of small cap stock priced under Rs 40, Caspian Corporate Services Ltd on Thursday locked in second consecutive upper circuit and hit fresh 52-week high as it board of directors announced that they will fix record date for payment of final dividend after the conclusion of 12th AGM. Last trading price of Caspian Corporate share is Rs 36.50 per share with intraday gain of 4.98%. Check details below:

Caspian Corporate To Fix Record Date After 12th AGM: As per the BSE filing dated September 21, 2023, "In Continuance with our Notice of the 12th Annual General Meeting of the Company [Point 9(ii)], this is to inform and clarify to all our members and the stock exchange that the company will fix the record date for the purpose of payment of proposed final dividend after conclusion of the 12th AGM of the company."

Accordingly, it is hereby clarified that the company has not fixed the record date for the purpose of payment of final dividend.

Caspian Corporate Stock Outlook & Return: Last trading price of Caspian Corporate share is Rs 36.50 apiece with intraday gain of 4.98%. Its 52-week high price is Rs 36.50 per share and 52-week low price is Rs 6.26 per share, respectively. The company has a market capitalisation of Rs 154.03 crore. Caspian Corporate shares gained 59% in last 1-month, soared 167% YTD, jumped 315% in last 1-year, rallied 326% in last 2-years, and offered return of 781% in last 3-years.

Caspian Corporate Financials: The company announced its net sales at Rs 0.26 crore for the quarter ended June 30, 2023, up 163% from 0.10 crore announced in June 2022. The company's quarterly net profit was declared at Rs 0.02 crore in June 2023, down 58.09% as compared to Rs 0.04 crore in June 2022. Its EBITDA stood at Rs 0.02 crore in June 2023, down 66.67% as against Rs 0.06 crore in June 2022.

Caspian Corporate About: The company was incorporated in 2011. Its integrated service delivery model includes a wide range of services such as FMS, housekeeping services, security services, property management services, office support services, m&e services, pest control services, disinfection services and customer support.

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